Spain produces less sunflower this year than expected despite not losing surface area while prices rise

Published 2024년 12월 8일

Tridge summary

Spain's sunflower production for 2024 is expected to remain steady at around 767,000 hectares, with the majority of the planting in Castilla y León, Andalusia, and Castilla-La Mancha. However, the Spanish Sunflower Association (AEG) has noted lower than expected yields due to insufficient winter rainfall and a lack of reserve water in the soil. The global sunflower market is also experiencing price hikes due to reduced production in key countries like the United States, Romania, Hungary, and France, caused by severe climatic instability and competition from other vegetable oils and petroleum. In Spain, normal sunflower prices range from 430 to 475 euros per tonne, while high oleic sunflower prices range from 470 to 575 euros per tonne, but these are lower than French prices. The AEG anticipates a temporary stabilization in sunflower prices, but a continued increase as other oils become more expensive.

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Original content

Spain has produced less sunflower this year than initially expected and is conditioned by the rise in international prices amid competition with other vegetable oils, according to the Spanish Sunflower Association (AEG). The president of the AEG, Juan Fernández, has indicated to Efeagro that in 2024 767,000 hectares of sunflower have been sown, a figure similar to the 760,000 hectares of 2023. Castilla y León (with 48% of the sown area), Andalusia (24%) and Castilla-La Mancha (21%) represent 91% of the total sunflower area in Spain, while the rest of the communities barely represent 8% and have little influence on production. Fernández has detailed that in Castilla y León almost the same amount has been sown as last year (barely 0.1% less, with 365,232 hectares), in Castilla-La Mancha the surface has increased by 2.2% (158,922 hectares) and in Andalusia it has decreased by 4.7% (181,572 hectares). THE LACK OF WATER HAS AFFECTED SPAIN AGAIN In the absence of consolidated data, the ...

Source: Agroinformacion